Eleccion BDF de La Fundacion Yem

Thursday, July 20, 2023

INTERIM ELECTION
on Tuesday, July 25, 2023
Contents
Item No 1: Interim Election July 2023 2
Item No 2: New Structure 2
Item No 3: Announcement BID, Date 2023‐05‐11 4
Item No 4: New Interim Board 6
Item No 5: Interim Election Steps 6
The Board of International Directors (BID) is the elected representative of the global YEM
Community. The representative body consists of seven directors who perform their duties on a
voluntary basis. Due to their nature, each of them has a daily professional activity and therefore
can only work a small number of hours each week for the YEM community.
Thus, it has been decided to establish a new Interim BID. The goal of the Interim BID is to lead
the YEM FOUNDATION into a peaceful, structured and more powerful future for the benefit
of all YEM holders.

Document No :
2023‐07‐20_BFD 01_BFD Election No 1_FINAL_EN.docx Seite 1 von 7


Item No 1: Interim Election July 2023
The current Board of International Directors (BID) endorses the election of an Interim Board
to implement the necessary restructuring measures in preparation for the new elections in June
2024. At the same time, the current BID Members are supporting the Interim Board as members
of the Foundation Advisory Board.
Thus, YEM Holders shall elect a transitional board, which is staffed with professionals capable
of implementing the necessary restructuring measures within 10 months.
Item No 2: New Structure
2.1 The new suggested Organizational Structure looks like this:
BFD 2.2
BWD 2.3 BND 2.4 FAB 2.5
ROI YEM 2.6
YEM Holder
2.2 BFD Board of FOUNDATION Directors

The formerly designated BID is renamed BFD. The BFD is the operative body and is elected
by the YEM Holders.
The Directors of the BFD become employees of the YEM FOUNDATION and are therefore
100% at the disposal of the YEM FOUNDATION for the daily work.
2.3 BWD Board of WORLD Directors

This is where the seven advisory spokespersons of the respective world region (Africa, Asia,
Australia, Americas North, Americas South, Europe, Oceania) will be represented.
Each World Director is elected by the YEM Holders of their (sub) continent and represents their
region in the BWD.
The BWD supports the BFD and raises awareness for regional issues.
Every BWD position is held on an honorary basis.

Document No :


2.4 BND Board of NATIONAL Directors

The BND is the backbone of the organizational structure.
YEM Holders of each country elect their National Director (ND) by vote. NDs represent their
country in the BND.
The ND is automatically vice president of the country's ROI YEM Association (see 2.6).
Every ND position is right now on a voluntary basis but shall be remunerated later likewise in
an employment relationship with ROI YEM.
2.5 FAB Foundation Advisory Board

Members of the current BID will transfer to the FAB to provide maximum support for the
restructuring process.
Additional members of the FAB will be appointed by the BFD.
Their task is to assist the BFD in an advisory capacity and to provide active support in individual
cases.
2.6 ROI YEM Association

The Representation of Interest (ROI) is given the same name in each country, for example
"Representation of Interests YEM [Country]". Only the country name is different, like
“Ghana”.
The ROI YEM Association represents the interests of the YEM Holders per country in their
national languages and provides local support.

Document No :


Item No 3: Announcement BID, Date 2023‐05‐11
All these suggestions have been developed based on a public statement, that has
been created by the current BID about 2 months ago, but has not been published yet.
The BID asked us to publish their announcement today.
"Dear YEM Holders,

It has been a long time since the BID published a public report and announcement. We
apologize for any inconvenience and appreciate your patience!
First, we want to point out that the BID has always been active behind the scenes,
protecting and growing YEM the best we can. On the other side, we all know that since
September 2022, we had to handle challenging times due to a massive spread of fake
news not just regarding YEM, but personally attacking members of the BID as well as
some private website owners promoting YEM.
Unfortunately, despite all online discussions and regulations regarding fake news, hate
speech, and defamations, it is literally impossible to have such content removed. Even
major search engines refuse to remove such links, because they request proof that it
is fake news, but you only receive automated text templates without any chance to talk
to a real person.
The legal way to remove such content is time intensive and cost intensive, both are
things we cannot afford. Criminal cases are filed, letters of cease and desist have been
mailed and ignored. Thus, we need to focus on the present and the future of YEM.
YEM has been created in 2017, at a time when virtual currencies and tokens have
been widely unregulated. In wise foresight, the founding members decided to make
YEM authority friendly and not to participate in the highly volatile, speculative, and
manipulated crypto market.
As of today, we can see that this was truly a wise decision: more and more jurisdictions
are in the process of setting up regulations for all digital currencies, digital tokens, and
digital assets. Luckily, due to our smart blockchain setup (YEMCHAIN), and our strict
KYC process, we fulfill most if not all legal requirements.
While that is generally great news, there is a downside…
Each jurisdiction is preparing their own regulations, thus, the YEM Foundation needs
to be more represented on a national level than internationally. The conclusion to be
drawn from this, is that we need more National Directors, and the already elected
National Directors need more power, guidance, and support for their crucial role.
We already have 11 elected National Directors, and we have candidates from 10 more
countries waiting for their election process. One of the elected National Directors, Mr.
Klaus Bielke from Germany, developed a strategy on how to organize YEM Holders on
a national level to raise the acceptance and liquidity of YEM in their country.

Document No :


The main part of the strategy is to set up an association for the representation of the
interests of all YEM Holders in each country. These association would be independent,
but the current National Director would always be set as the Vice President. Thus,
every association would be well connected and well informed regarding YEM.
The current BID members are convinced that YEM would benefit globally from such a
new structure and organization. It would be highly recommended that the next BID is
elected by the YEM Holders from National Directors only, because they will know best
how to present YEM to Authorities as well as to the public.
Anyway, due to the negative impact of the above described fake news, it is literally
impossible for any current BID member to fulfill their duties without negative effects.
Thus, we suggest that the current BID members move to the YEM Foundation Advisory
Board and support the National Directors the best way they can. As we have already
one elected National Director at the BID (Rodolfo Abalos for the United States of
America) we suggest having him as one of the official international representatives for
the YEM Foundation until the next elections in June 2024.
All these steps are proposed with the best for all YEM Holders in mind!
Respectfully
YEM FOUNDATION BID"

Document No :


Item No 4: New Interim Board
While in constant contact with the current BID, the new suggested team for the Interim Board
has been found. One of them, Rodolfo Abalos, is already elected as an interim member. The
other six individuals shall be elected as a group, because each of them is already part of the
team that is working hard behind the scenes for the success of YEM.
President (CEO) Lora Bilger Germany
Vice President (COO) Klaus Bielke Germany
Director of Finance (CFO) Dominik Zeller Switzerland
Director of Marketing (CMO) Dr. Joseph Katamba DR Congo
Director of IT (CTO) Steve Hodgkiss Cambodia
Director of Compliance & Investigation (CLO) Heiner Höving Hungary
Director of National Directors (CNO) Rodolfo Abalos* USA
*Rodolfo Abalos will stay as director in the position as now.
Item No 5: Interim Election Steps
5.1 Election Start
Tuesday, July 25, 2023
Starting time : 12:00 p.m. (high noon) Las Vegas, USA, time
For example : https://bit.ly/YF_Interim_Election
5.2 Election End

Tuesday, August 01, 2023
Ending time : 11:59:59 a.m. , Las Vegas, USA, time
5.3 Election Period

One week,
5.4 Election Rules

Document No :


5.4.1 one YEM = one vote
5.4.2 How is the election held?
5.4.2.1 Have a look at our HomePage (HP) yem.foundation
5.5 Election Candidates

There will be one election voting yes or no for the entire new Interim Board.

Document No :

Eleccion BDF de La Fundacion Yem

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Eleccion BDF de La Fundacion Yem

Uploaded by

Copyright:

Available Formats

BWD 2.3 BND 2.4 FAB 2.5

ROI YEM 2.6

2.2 BFD Board of FOUNDATION Directors

2.3 BWD Board of WORLD Directors

2.4 BND Board of NATIONAL Directors

2.5 FAB Foundation Advisory Board

2.6 ROI YEM Association

"Dear YEM Holders,

5.2 Election End

5.3 Election Period

5.4 Election Rules

5.5 Election Candidates

You might also like